Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) President Sells 1,915 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 1,915 shares of EverCommerce stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $11.07, for a total value of $21,199.05. Following the completion of the transaction, the president now owns 2,297,604 shares of the company’s stock, valued at approximately $25,434,476.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Matthew David Feierstein also recently made the following trade(s):

• On Friday, June 7th, Matthew David Feierstein sold 4,273 shares of EverCommerce stock. The stock was sold at an average price of $9.52, for a total value of $40,678.96.
• On Tuesday, June 4th, Matthew David Feierstein sold 1,820 shares of EverCommerce stock. The stock was sold at an average price of $9.50, for a total transaction of $17,290.00.
• On Tuesday, May 28th, Matthew David Feierstein sold 4,582 shares of EverCommerce stock. The stock was sold at an average price of $10.16, for a total transaction of $46,553.12.

EverCommerce Stock Down 0.9 %

NASDAQ EVCM traded down $0.10 on Wednesday, hitting $11.14. The stock had a trading volume of 94,883 shares, compared to its average volume of 161,482. The business’s fifty day moving average price is $9.96 and its 200 day moving average price is $9.81. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.71 and a quick ratio of 1.71. EverCommerce Inc. has a 52-week low of $6.22 and a 52-week high of $12.32. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of -53.05 and a beta of 1.10.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). EverCommerce had a negative return on equity of 4.92% and a negative net margin of 6.02%. The firm had revenue of $170.10 million during the quarter, compared to analysts’ expectations of $162.11 million. During the same period in the prior year, the firm posted ($0.11) earnings per share. EverCommerce’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities research analysts anticipate that EverCommerce Inc. will post -0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EVCM. Barclays decreased their price objective on shares of EverCommerce from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Friday, March 15th. JMP Securities reaffirmed a “market outperform” rating and set a $12.00 price target on shares of EverCommerce in a research note on Friday, March 15th. Canaccord Genuity Group lifted their price target on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, May 10th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $10.00 price target (down previously from $11.00) on shares of EverCommerce in a research note on Friday, March 15th. Finally, Piper Sandler reissued a “neutral” rating and issued a $10.00 price objective on shares of EverCommerce in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, EverCommerce has an average rating of “Moderate Buy” and a consensus target price of $11.40.

Institutional Investors Weigh In On EverCommerce

A number of large investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale grew its holdings in shares of EverCommerce by 57.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 55,000 shares of the company’s stock valued at $512,000 after buying an additional 20,000 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of EverCommerce during the first quarter valued at $123,000. Vanguard Group Inc. grew its holdings in shares of EverCommerce by 1.9% during the first quarter. Vanguard Group Inc. now owns 1,664,942 shares of the company’s stock valued at $15,684,000 after buying an additional 30,481 shares during the last quarter. RIA Advisory Group LLC purchased a new stake in shares of EverCommerce during the first quarter valued at $242,000. Finally, Quest Partners LLC purchased a new stake in shares of EverCommerce during the fourth quarter valued at $135,000. 97.91% of the stock is owned by hedge funds and other institutional investors.

EverCommerce Company Profile

EverCommerce Inc, together with its subsidiaries, provides integrated software-as-a-service solutions for service-based small and medium sized businesses in the United States and internationally. The company's solutions include business management software that offers route-based dispatching, medical practice management, and gym member management solutions; billing and payment solutions comprising e-invoicing, mobile payments, and integrated payment processing; customer experience solution, which include reputation management and messaging solutions; and marketing technology solutions that cover websites, hosting, and digital lead generation.